Learning Management Systems (LMS) for Modern Academic Portals

Digital classroom
Learning Management Systems (LMS) for Modern Academic Portals
Offering high-quality, digital content through LMS
SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Education Technology
Business Model Description

Invest in B2B players engaged in: - building LMS platforms operating with SAAS business model - development of digital interactive content, including books and other learning materials (audio visual, augmented reality) for K-12, smart classes, tutoring and skill training courses, including local/culture/wisdom/value content development. Examples of some companies active in this space are:

PesonaEdu, founded in 1986, is an Indonesian EdTech company which focuses on developing technology for education, especially applications and content related to the learning process. PesonaEdu reported revenue of USD 58 mn. (12)

Quintal, founded in 2015, offers an integrated Learning Management System and Student Information System to create a unified academic portal that is easy for administrators, teachers, students and parents to use. In 2016, it raised an undisclosed amount in seed funding from East Ventures. (13) Quintal reported USD 1.3 mn revenue in 2021. (14)

AIMSIS (Academic Information Management System in Schools) provides a SaaS platform for connecting parents with teachers, while automating teacher’s administrative task. Through the platform user can access online teaching materials, automatically manage grades, customize report-cards, connect with other members, post and evaluate assignments online and maintain attendance data.

Gredu, founded in 2016, is engaged with Indonesia’s K-12 National Curriculum and Islamic Curriculum programs, used in both private and public schools. Its new verticals, include software for preschools and university programs. Gredu raised USD 4 mn in Series A round of funding led by Intudo Ventures. As of July 2021, Gredu is used by more than 400 schools, with a total of 400,000 users. (15)

Expected Impact

Provide access to quality education to improve learning outcomes and learning experience resulting in improved quality of human capital.

Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
Market is at a nascent stage and no exits have been observed so far.
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
> USD 1 billion
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
USD 1 million - USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Quality Education (SDG 4)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Decent Work and Economic Growth (SDG 8) Gender Equality (SDG 5) No Poverty (SDG 1)
Sector Sources
  • (1) World Bank. 2020. The Promise of Education in Indonesia. https://documents1.worldbank.org/curated/en/658151605203420126/pdf/The-Promise-of-Education-in-Indonesia.pdf (2) Republic of Indonesia. 2020. Indonesia's 2020-2024 National Medium-Term Development Plan https://katalog.data.go.id/dataset/rpjmn-tahun-2020-2024/resource/23e26880-a84f-4443-a16f-1ddb3b69cfeb. (3) World Economic Forum. 2017. The Global Human Capital Report 2017. https://www.weforum.org/reports/the-global-human-capital-report-2017 (4) Republic of Indonesia. 2019. Roadmap of SDGs Indonesia Towards 2030. https://www.unicef.org/indonesia/media/1626/file/Roadmap%20of%20SDGs.pdf. (5) MoEC. 2020. The 2020-2024 MOEC Strategic Plans. https://dikti.kemdikbud.go.id/wp-content/uploads/2020/10/RENSTRA-KEMENDIKBUD-full-version.pdf. (6) Kementerian Pendidikan dan Kebudayaan. 2021. Dashboard GTK. https://referensi.data.kemdikbud.go.id/dashboardgtk/ptk_jkel.php?id=20 (7) BPS. 2021. Rough Participation Rate (APK) of Senior High School by Revenue Group 2019-2021. https://www.bps.go.id/indicator/28/1343/1/angka-partisipasi-kasar-apk-sma-smk-ma-sederajat-menurut-kelompok-pendapatan.html (8) Republic of Indonesia. 2021. APBN 2021. https://www.kemenkeu.go.id/media/16835/informasi-apbn-2021.pdf. (9) The Ravenry. 2020. i360 Report Edutech Industry in Indonesia. https://theravenry.com/wp-content/uploads/2020/08/i360-Report-Edutech-Industry-in-Indonesia.pdf (10) ILO. 2021. Seminar on Indonesia - Australia Cooperation in Online ICT Education. https://www.ilo.org/jakarta/whatwedo/eventsandmeetings/WCMS_796623/lang--en/index.htm (11) The Jakarta Post. 2020. Indonesian internet users hit 196 million, still concentrated in Java: APJII survey. https://www.thejakartapost.com/news/2020/11/11/indonesian-internet-users-hit-196-million-still-concentrated-in-java-apjii-survey.html.
IOA Sources
  • (12) ZoomInfo. 2022. PesonaEdu. https://www.zoominfo.com/c/pt-pesona-edukasi/358235728 (13) Antonia Timmerman. 2016. East Ventures leads seed funding in Indonesia’s ‘SaaS for K-12’ startup Quintal. https://www.dealstreetasia.com/stories/east-ventures-leads-seed-funding-for-indonesias-quintal-51659/ (14) LATKA. 2022. How Quintal hit $1.3M Revenue. https://getlatka.com/companies/quintal (15) Catherine Shu. 2021. Indonesian edtech startup Gredu raises $4M Series A to keep teachers, parents and students engaged with one another. https://techcrunch.com/2021/07/07/indonesian-edtech-startup-gredu-raises-4m-series-a-to-keep-teachers-parents-and-students-engaged-with-one-another/?guccounter=1 (16) Old Rope. 2021. EdTech in Indonesia 🇮🇩- The way forward. https://oldrope.substack.com/p/indonesia-edtech?s=r. (17) Forbes. 2021. Indonesian Edtech Startup Cakap Raises $10 Million From Centauri Fund, Singapore’s Heritas Capital. https://www.forbes.com/sites/yessarrosendar/2021/12/19/indonesian-edtech-startup-cakap-raises-10-million-from-centauri-fund-singapores-heritas-capital/?sh=290bcfd06c0b (18) KataData. 2021. Berapa Jumlah Sekolah di Indonesia pada Tahun Ajaran 2020/2021? https://databoks.katadata.co.id/datapublish/2021/11/26/berapa-jumlah-sekolah-di-indonesia-pada-tahun-ajaran-20202021 (19) World Bank. 2021. Government expenditure on education, total (% of GDP) - Indonesia. https://data.worldbank.org/indicator/SE.XPD.TOTL.GD.ZS?locations=ID (20) UNICEF. 2021. SITUATIONAL ANALYSIS ON DIGITAL LEARNING LANDSCAPE IN INDONESIA. https://www.unicef.org/indonesia/media/8766/file/Digital%20Learning%20Landscape%20in%20Indonesia.pdf (21) Ruangguru. 2022. Ruangkelas. https://www.ruangguru.com/ruangkelas (22) Ruangguru. 2021. Indonesia’s largest tech-enabled provider for quality teaching & content. lppm-dev2.ut.ac.id/system/files/artikel/dokumen/files/InnovativeCreative_StephanieHardjo.pdf (23) GSM Association. 2020. The Mobile Gender Gap Report 2020. https://www.gsma.com/mobilefordevelopment/wp-content/uploads/2020/05/GSMA-The-Mobile-Gender-Gap-Report-2020.pdf (24) UNWOMEN. 2020. COUNTING THE COSTS OF COVID-19. https://data.unwomen.org/sites/default/files/inline-files/Report_Counting%20the%20Costs%20of%20COVID-19_English.pdf (25) Republic of Indonesia. 2021. Annexes Indonesia’s Voluntary National Review . https://sdgs.bappenas.go.id/laporan-voluntary-national-review-vnr-indonesia-2021/ (26) UNICEF. 2020. Strengthening Digital Learning across Indonesia: A Study Brief. https://www.unicef.org/indonesia/media/10531/file/Strengthening%20Digital%20Learning%20across%20Indonesia:%20A%20Study%20Brief.pdf (27) Open Data Labs. 2018. Digital Literacy and Young Girls in Indonesia: Bridging the Gap. https://labs.webfoundation.org/digital-literacy-and-young-girls-in-indonesia-bridging-the-gap/ (28) Pusdatin. 2020. LAPORANKINERJA2020. https://pusdatin.kemdikbud.go.id/wp-content/uploads/2021/07/BUKU-LAKIP_PUSDATIN_KEMENDIKBUD_2020_Final_Digital_-2.pdf (29) Tech in Asia. 2020. Here’s what Ruangguru’s financial numbers don’t tell you. https://www.techinasia.com/heres-ruanggurus-financial-numbers-dont (30) Warsita, B. 2020. PEMANFAATAN PORTAL RUMAH BELAJAR UNTUK MENINGKATKAN KUALITAS PEMBELAJARAN. Jurnal Teknodik, 65–78. https://doi.org/10.32550/teknodik.v0i0.355 (31) Alifiyanti, I., Afifah, F., & Ramadoan, N. 2019. PEMANFAATAN LEARNING MANAGEMENT SYSTEM (LMS) BERBASIS EDMODO MATERI FLUIDA DINAMIS UNTUK PENINGKATAN MINAT DAN PRESTASI BELAJAR FISIKA SISWA SEKOLAH MENENGAH. Prosiding SNFA (Seminar Nasional Fisika dan Aplikasinya), 3, 155-162. doi:http://dx.doi.org/10.20961/prosidingsnfa.v3i0.28536 (32) MoEC. 2015. The 2015-2019 MOEC Strategic Plans. http://repositori.kemdikbud.go.id/28/1/RENSTRA%20Kemdikbud%202015_2019.pdf (33) Ministry of Finance. 2021. Menkeu : PPN Mewujudkan Azas Keadilan. https://www.kemenkeu.go.id/publikasi/berita/menkeu-ppn-mewujudkan-azas-keadilan/ (34) Ministry of Education and Culture. 2020. MoE Circular Letter No.15 of 2020. https://www.kemdikbud.go.id/main/blog/2020/05/se-sesjen-pedoman-penyelenggaraan-belajar-dari-rumah-dalam-masa-darurat-penyebaran-covid19 (35) BPS. 2020. PERATURAN BADAN PUSAT STATISTIK NOMOR 2 TAHUN 2020 TENTANG KLASIFIKASI BAKU LAPANGAN USAHA INDONESIA. https://legalitas.org/KBLI-2020.pdf. (36) BKPM. 2022. KBLI 62090. https://oss.go.id/informasi/kbli-kode?kode=J&kbli=62090 (37) Republic of Indonesia. 2021. Peraturan Presiden (PERPRES) Nomor 10 Tahun 2021. https://peraturan.bpk.go.id/Home/Details/161806/perpres-no-10-tahun-2021. (38) Ministry of Finance. 2021. MoH Regulation No.149/PMK.03/2021. https://peraturan.bpk.go.id/Home/Details/185201/pmk-no-149pmk032021. (39) Ministry of Finance. 2021. PPN di Bidang Pendidikan Hanya untuk Jasa Pendidikan Tertentu. https://bppk.kemenkeu.go.id/content/berita/pusdiklat-anggaran-dan-perbendaharaan-ppn-di-bidang-pendidikan-hanya-untuk-jasa-pendidikan-tertentu-2021-06-18-1f47257c/